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Sensex drops 155 points to close below 38,000 mark

The BSE building. Photograph: (Zee News Network)

PTI Mumbai, Maharashtra, India Aug 10, 2018, 04.05 PM (IST)

The BSE Sensex tumbled over 155 points on Friday to close below the 38,000-mark as investors booked profits amid lacklustre global cues.

Also Read: Sensex retreats from record high, down 106 points

SBI was the biggest loser in the Sensex pack, diving 3.79 per cent, after the lender reported a hefty loss of Rs 4,876 crore for the June quarter.

The 30-share Sensex, after opening a shade higher at 38,050.07, quickly slipped below the 38,000-mark. It hit a low of 37,815.75 during the day, before finally finishing at 37,869.23 - down 155.14 points, or 0.41 per cent.

The index had gained 137 points to close at a lifetime high of 38,024.37 on Thursday.

The NSE Nifty too lost 41.20 points, or 0.36 per cent, to finish at 11,429.50. It had ended at a record high of 11,470.70 yesterday.

However, both the key indices finished with gains for the third week in a row. 

The BSE Sensex recorded a rise of 313.07 points, or 0.83 per cent, while the NSE Nifty advanced 68.70 points, or 1.01 per cent, this week.

Meanwhile, domestic institutional investors (DIIs) sold shares worth a net Rs 85.39 crore, while foreign portfolio investors (FPIs) bought equities worth Rs 370.68 crore yesterday, provisional data showed.

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